Lies,Damn Lies, & statistics.....Brilliant!

Discussion in 'OT (OFF Topic) Forums' started by carnut, Nov 18, 2008.

  1. carnut

    carnut Hardcore MB Enthusiast

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  2. Dryce

    Dryce MB Club Veteran

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    Sadly there are also different ways of putting things on the balance sheet.

    The Conservatives invented PFI and Labour refined it. Typically PFI is left off the balance sheet. So not included in debt.

    Then we have the expansion of the public sector and the associated expansion of public pension liabilities. Not included in debt.

    Then we have the sell off of our national gold reserves ...

    However I think there are two simple measures of telling when things are not working out quite as planned.

    The first is the ratio of potholes to level of taxation.

    The second is the ratio of front line military to defence spending.
     
  3. W210 Fan

    W210 Fan Hardcore MB Enthusiast

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    nice to see the media blaming itself for hyping up stories, maybe a reporter cheesed off with the whole game?
     
  4. wemorgan

    wemorgan MB Club Veteran

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    A very valid point. It is estimated that PFI amounts to £100billion of debt in this article.
     

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